ATHENS: The Hellenic Telecommunications Organization S.A. (OTE S.A.), the largest telecom operator in Greece, said on Monday that it is planning to spin off its mobile towers business into a separate entity, as part of its strategy to boost its value and performance. The company, which operates under the COSMOTE brand, said that it has…
TerraPay and Alfardan Exchange join hands to offer innovative cross-border payments
TerraPay, a global cross-border payments network, has entered into a strategic partnership with Alfardan Exchange, one of the leading remittance service providers in the region. The collaboration aims to leverage the strengths of both parties to offer seamless, cost-effective, and efficient cross-border payments to customers across various corridors. TerraPay’s advanced digital payment infrastructure enables instant…
Sanderson Design signs collaboration to launch online shop for Morris & Co.
LONDON: Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announced a direct-to-consumer collaboration in which Morris & Co. wallpapers, fabrics and licensed products will be made available from a dedicated online shop serving customers in the UK, USA and other countries worldwide. This online collaboration is in line with the…
Shaftesbury Capital acquires 25-31 James Street, Covent Garden
LONDON: Shaftesbury Capital has completed the acquisition of the freehold interests in 25-31 James Street, Covent Garden for £75.1 million. The properties have a contracted rent of £3.9 million and comprise 21,000 square feet of lettable area, including 12,000 square feet of retail and 9,000 square feet of residential and office accommodation. This acquisition presents…
HUI and Powerhouse Energy partner to build hydrogen plant in Ireland
LONDON: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other green fuels, has announced a new partnership with Powerhouse Energy Group Plc (PHE), a leader in low-carbon hydrogen production technology. The two companies have signed a subscription and shareholder agreement to build a waste plastic to hydrogen…
SPIE acquires 92% stake in German telecom firm ICG Group
PARIS, FRANCE: SPIE, the independent European leader in energy and communications services, has announced the acquisition of c.92% of ICG Group, a leading provider of telecommunication infrastructure in Germany. The deal, valued at 9.1 times ICG Group’s 2023 earnings before interest, taxes, depreciation and amortization (EBITA), will allow SPIE to enter the market for 5G…
Versarien sells Korean graphene plant and licenses patents to MCK Tech
LONDON, UK: Versarien Plc, the advanced materials engineering group, has announced that it has sold its plant and equipment in South Korea, which were used for producing graphene, to MCK Tech Co. Ltd for £604,000. The deal also includes an exclusive licence agreement for MCK Tech to use five of Versarien’s patents in Korea for…
Hornby Plc has bought The Corgi Model Club
LONDON, UK: Hornby Plc, the international models and collectibles Group, announced the acquisition of the assets, trade and intellectual property of The Corgi Model Club (CMC) from Blue 14, an investment vehicle majority-owned by entrepreneur Jim Lewcock. The management of CMC is joining Hornby, with Guy Stainthorpe appointed as the Brand MD of Corgi. The…
FRP Advisory acquires GW Holdings Ltd and Gordon Wilson & Co Ltd
LONDON, UK: FRP Advisory Group plc, a leading national specialist business advisory firm, has announced the acquisition of GWC, a Douglas-based firm that provides advisory and insolvency services across the Isle of Man. GWC consists of two entities including GW Holdings Ltd and Gordon Wilson & Co Ltd. The deal, which is the Group’s eighth…
Illumination and Nintendo Team Up for Super Mario Bros. animated film
Illumination Entertainment and Nintendo Co. have announced a collaboration to produce a new animated film set in the Super Mario Bros. universe. Slated for release on April 3, 2026, in the United States, with a phased global rollout throughout April, the film promises to bring the vibrant world of the beloved Italian plumber to the…
Patient Square Capital to acquire global business of NanoString Technologies for $220million
NanoString Technologies, Inc., a pioneer in life science tools for research, has signed anagreement with Patient Square Capital, a leading healthcare investment firm, to acquire the majority of NanoString’s global business assets for a sum of $220 million. This acquisition is part of a strategic sale process under Section 363 of the Bankruptcy Code, which…
Scott Beeton appointed Chief Executive Officer of ARC Funds
SYDNEY, AUSTRALIA: ARC Funds Ltd has appointed Scott Beeton, as Chief Executive Officer of ARC with effect from 12 March 2024. Scott is a successful entrepreneur who has founded several successful start-up and growth businesses predominantly in the financial services sector, including founding Sequoia Financial Group (ASX:SEQ) and taking the business through to a public…